Tips and trade secrets ;)

Whilst all 4 major banks are fully committed to e-Conveyancing, not all transactions are currently in scope. This is due, in part, to the fact that banks still require a paper mortgage signed by the client (even though an e-Mortgage is signed by the bank in PEXA). Where the banks settle in, PEXA said paper mortgage needs to be a “new” MA document (akin to the T2A). A couple of the banks are yet to finalise this issue. The current status is as follows:

Bankwest can only do outgoing Mortgages not incoming. There is no estimated time to when this will change.

Westpac may be ready by Monday 2nd June

ANZ are still committed to the 25th of June

CBA and NAB can do both incoming and outgoing mortgages

Therefore transfers involving CBA and NAB are likely to be PEXA ready. For all others we recommend you contact Angella at PEXA before creating a Workspace.